Special Edition Webinar: Accounting concepts for Lawyers

Join Ryan Ehlers and Brad Suddaby as they take you through Accounting concepts for Lawyers.

Topics covered in this webinar include:

Introduction to accounting concepts

• Core Concepts
• Non-cash expenses
• Different types of reserves
• Understanding associated party transactions

Understanding a Balance Sheet

• Reading a balance sheet
• What is important in a sale and purchase and what is missing
• Share value and Shareholder advances – how do they interact
• Dividends before or after a sale
• Purchase Price Allocation - When do you need them and why do they matter
• Trust balance sheets including beneficiary current accounts and the impact of beneficiary allocations

GST in commercial contracts including

• Understand plus GST if any verses including GST if any
• The difference between zero-rated, exempt and no GST
• The purpose of Schedule 1
• Calculating the GST component

Ryan Ehlers
Partner, Polson Higgs

Ryan has an LLB/BCom from Otago University and is a Partner in the Tax Division. Ryan specialises on advising both tax and commercial issues on complex transaction for corporate clients, SMEs and other professionals, as well as providing some compliance services.

Brad Suddaby
Manager, Polson Higgs

Brad is a Manager in the Accounting Solutions team and is involved in preparing annual financial statements, along with other compliance and business advisory work within the firm. 

1.25 CPD